Baotou marks progress in rare earth industry

Baotou in North China’s Inner Mongolia autonomous region marked new progress in its rare earth industry with the output value of 27 businesses in the field reaching 8.47 billion yuan ($1.3 billion), according to local media.

The figure represented year-on-year growth of 47.9 percent.

As China's leading supplier of rare earths, Baotou city has long been committed to developing its rare earth industry with the Baotou Rare Earth Hi-Tech Zone serving as its base. There are a total of 106 Baotou-based companies engaged in the industry at present.